Kihiuhi lives in the Muranga area of Kenya, which lies in the central Rift Valley. His primary income sources are tea, crops, and providing transportation services. He has 1 child and has been doing this work for 19 years.
Kihiuhi stated what is most enjoyable about farming is that he enjoys growing cabbages because they don't require much capital and the returns are high. His biggest challenge is lack of water for irrigation. He will use the loan to buy a water tank.
Kihiuhi was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'He has seen many people who have gotten financial assistance from Juhudi Kilimo.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Microfinance loans are for development.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Kihiuhi replied 'He will be able to pay school fees for his child and provide for his needs. His wife died 7 years ago and he is the only provider.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kihiuhi owns the following: 'cow, bicycle, motorcycle' but does not own 'pig, poultry, pump, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, solar power, TV, DVD' but does not have 'electricity, running water, sewing machine'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.